Scienjoy (NASDAQ:SJ) Stock Price Down 3.4% – Here’s What Happened

Scienjoy Holding Corporation (NASDAQ:SJGet Free Report)’s share price dropped 3.4% during mid-day trading on Monday . The company traded as low as $1.37 and last traded at $1.40. Approximately 68,233 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 111,138 shares. The stock had previously closed at $1.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Scienjoy in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on SJ

Scienjoy Price Performance

The stock has a market cap of $54.71 million, a price-to-earnings ratio of 28.01 and a beta of 0.87. The company’s fifty day moving average price is $0.80 and its 200-day moving average price is $0.71.

Hedge Funds Weigh In On Scienjoy

An institutional investor recently raised its position in Scienjoy stock. Citadel Advisors LLC increased its position in Scienjoy Holding Corporation (NASDAQ:SJFree Report) by 25.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,709 shares of the company’s stock after acquiring an additional 15,540 shares during the period. Citadel Advisors LLC owned approximately 0.20% of Scienjoy worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.32% of the company’s stock.

Scienjoy Company Profile

(Get Free Report)

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.

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